Irrevocable Letter Of Credit Proves Invincible Against Conservator For A National Credit Union

LexisNexis (August 19, 2020, 10:41 AM EDT) -- In general, irrevocable letters of credit are invincible under Article 5 of the Uniform Commercial Code. What happens when the conservator of a failed credit union repudiates a letter of credit,...
To view the full article, register now.